My head hurts trying to figure out how this is logical or even has the possibility of being successful.

I guess they are trying anything???

 

(which I will give them credit)

Given that it's not a bustling area, I wonder what other indoor entertainment options there are in the area. I assume that there is likely the basic stuff, such as bowling alleys and movie theaters, somewhere reasonably close by. But is there anything in the area similar to what is proposed here? If not, it would give local area residents another, unique option for family entertainment and thus could end up being a good move that draws a significant amount of revenue, especially during the winter. Not will, but could.

 

jcgoble3, pondering and probably missing something...

The fact the park's management couldn't run a lemonade stand profitably?

Where in the world would they even get money for that?

Things that make ya go hmmmm.

Where in the world would they even get money for that?

Things that make ya go hmmmm.

Sears shareholders looking for the next big score.

Seriously, though, that's part of the problem. The park is owned and operated, supposedly, by a tax-exempt non-business organization.

Labor Day:

Noon-SIX

$5 Ride All Day Dry

$5 Water Park

$10 Combo

15% off at Log Cabin Gift Shop

***

These prices do NOT apply the days before on Labor Day weekend:

Amusement Park:

Friday and Sunday: noon-EIGHT

Saturday: noon-TEN

Labor Day: noon-SIX.

Water Park:

Friday thru Monday: noon-SIX

There can be no assurance Conneaut Lake Park will be open for the 2017 season....

About which that last:

See Gore Range's post(s?) today here:

http://clpjunction.com/forum/viewtopic.php?t=652&postdays=0&postorder=asc&start=15

Link provided for reader convenience. The poster here makes no warranties, express or implied, about the accuracy of facts and opinions contained at the link cited.

Nevertheless, the reader is urged to check out that link and ponder its importance.

BREAKING:

Bankruptcy Judge Confirms Park Reorganization Plan:

http://www.goerie.com/news/20160906/bankruptcy-court-judge-confirms-conneaut-lake-park-reorganization-plan

^Beat me to it by 8 minutes, lol, it came up on my Facebook feed and I was about to post it.  It took me two minutes to pick my jaw up off the floor, Im absolutely astounded it was approved.

The unsecured creditors are basically being stiffed. If they ever collect a cent, they'll be lucky.

Terp, posting as a financial type only..no opinions related to any other discipline are to be implied or inferred herein.

Also, I still say there can be no assurance the park, the hotel, or related entities will open for 2017 or stay open for the entire season.

So, does that mean the saga is over, for now?

Other than who gets the Beach Club insurance proceeds, which additional property has to be sold and when to pay off secured debts, scraping up enough money to open next year, securing tax exempt status, board squabbles, and...most of all, actually operating a park not at a loss (NOT just increasing revenue--not adding more and more and more debt) for now, yes.

At the hearing, the Trustees' representative sought "one last chance." Only one unsecured creditor voted against the plan. An appeal on the plan decision itself is very unlikely. The appeal of the Beach Club decision continues.

But nowhere along the way have these people learned to run a successful amusement park. It sadly will result the sane way, again. They are already wanting to add a year round family fun center--which will distract them, and, doubtlessly, lose more money.

Note that unlike an individual, a business entity can (and often does) file or get forced into filing bankruptcy a short time after a prior bankruptcy has been resolved. The wisdom of that I leave for others. The likelihood here is, sadly, quite high. The problems that lead the park, again and again, to precarious financial positions, have not been resolved.

Conneaut Lake Park to auction items from the park. Plans are to use the funds to expand Camperland.

 

http://www.meadvilletribune.com/news/local_news/full-story-auction-to-sell-off-unused-conneaut-lake-park/article_2aad9762-ab95-11e6-abe9-57e06b26c144.html

Conneaut Lake Park Leaders Approve Management Company

http://www.meadvilletribune.com/news/local_news/conneaut-lake-park-leaders-approve-management-company/article_5b20bba2-e80f-53df-aa58-6dca4978c48a.html?utm_source=ITPS+Amusement+INdustry+News&utm_campaign=f832ac937c-EMAIL_CAMPAIGN_2017_01_18&utm_medium=email&utm_term=0_51d9c64022-f832ac937c-231732317

 

Conneaut Debt Cut In Half

http://www.meadvilletribune.com/news/local_news/conneaut-lake-park-s-real-estate-debt-cut-in-half/article_5648055c-c83a-57a2-a2e6-1d374a1b084d.html?utm_source=ITPS+Amusement+INdustry+News&utm_campaign=9d8f4558d0-EMAIL_CAMPAIGN_2017_01_31&utm_medium=email&utm_term=0_51d9c64022-9d8f4558d0-231732317

Park emerging from bankruptcy

http://www.goerie.com/news/20170219/turning-corner-conneaut-lake-park-emerges-from-bankruptcy


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I really hope they can keep the improvement trend going! That's great, and it's exciting that they managed to turn a profit for the first time in a while. CLP really could be a charming park if it had the money to keep going.

Great to see the park making money again, hopefully this continues and we'll see some new stuff come from the park soon! I'm hoping that I can attempt to visit the park for the first time this year!

Never been to the park before.  I was close when I went to Waldameer and then proceeded onto Niagara Falls and Canada`s Wonderland.  Hopefully they can make it and be around for several more years so I can get back out that way.

My 2 visits showed the wear and tear of the park.....I'd love to see it continue to grow and be fixed up. It really can be a nice park.

Being a local, this is fantastic news.

But I'm not getting my hopes up.  We have heard this same story a number of times over the past couple decades only to have the rug pulled out from under us and another restructuring is announced with new players in charge.

It's an interesting little park. I stopped by on my way to Erie last year and spent a few hours there riding everything a few times. Definitely worth checking out if you're in the area.

http://www.meadvilletribune.com/news/conneaut-lake-park-improves-as-opening-weekend-nears/article_74d1b062-40d7-11e7-90dc-3b78370f84b7.html

Opening Day is upon CLP.

I went to Conneut Lake on Saturday.  I was blown away.  Upon first glance, you see a run down park and wonder "Is it is even safe to be here?"

I'm not a spinny flat ride kinda guy, so I skipped those.  But Blue Streak and Devils Den were a real treat.  I have never seen ride ops work so hard, and they have to given the tech on the rides!  The water park was packed and the dry park was crowded.  Good food and great staff all around. 

Conneaut Lake Park celebrates 125 years.

http://www.meadvilletribune.com/news/conneaut-lake-park-celebrates-years-of-fun/article_fbce5efa-7019-11e7-b585-dbdd7610f939.html

After Decades Of Decline And Disrepair, Conneaut Lake Park Is Turning A Profit

http://wesa.fm/post/after-decades-decline-and-disrepair-conneaut-lake-park-turning-profit#stream/0

Wonderful to see the park rebounding so nicely from bankruptcy.

Trustees of Conneaut Lake repay all delinquent property taxes: http://www.erienewsnow.com/story/36154136/trustees-of-conneaut-lake-park-repay-all-delinquent-property-taxes#.WZVuJ0xfLuE.facebook

Was hoping the new owner was going to strike the right balance to keep this park alive and thriving, but the CLP as I knew it from 2017 appears to be gone.  I wish Gene Staple had won the auction.

The Blue Streak was one of the most terrifying but fun coasters I have ever been on.  And the Devil's Den was great.